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Oct 27, 2012
10/12
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the economy of china has slowed. the economy of europe has lowed. and that showed up in the numbers. >> brown: i'm not going to make you into a political ansys but from where you sit does it look like there's something here for both candidates? >> yea l i think there is something there for both sides. i think on the one side president obama can certainly point to the fact that the economy did better in the third quarter than it did in the second quarter. and that we're sort of on the right trajectory or on the ri yht pathwaye towards recovery. things are getting a little bit better. at the sa times there's no question that governor romney could say well look, we might be headed t in the right direction, t the truth is, is that economic growth is extraordinarily anemic when compared to other postwar recoveries. and not the kind of-- not the kind of numbers or economic growth that we need to ally, really make progress or to put a dent in the high unemployment rate and get some people back to work. >> brown: hugh johnson, thanks a lot. >> you're welcom
the economy of china has slowed. the economy of europe has lowed. and that showed up in the numbers. >> brown: i'm not going to make you into a political ansys but from where you sit does it look like there's something here for both candidates? >> yea l i think there is something there for both sides. i think on the one side president obama can certainly point to the fact that the economy did better in the third quarter than it did in the second quarter. and that we're sort of on...
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Nov 3, 2012
11/12
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applying basic economie economies-- economics we could do a lot better. >> brown: austan goolsbee, dow want to comment on what the presidnt you wk for has done. >> i will just say is we can agree on the basic economics but i think professor taylor has his history a little backward on that. in the 1990s bill clinton raised exactly the high income tax rates that barack obama wants to return the rates to. and the 2000s which he did not mention when george bush followed the policies very similar to what mitt romney is proposing, they brief last word on that? >> well, i think as we are talking about four years what is going to happen the next four years. that say time where a president can make a tremendous difference. and we're talking about the past four years. and the president could have made auch betr policy with the unemployment being so high. >> brown: all right, john taylor and austan goolsbee, thanks so much. >> thank you >> brown: and if you're ready for more analysis on the jobs numbers, you'll find it, as always, on paul solman's "making sense" page online. >> woodruff: still to
applying basic economie economies-- economics we could do a lot better. >> brown: austan goolsbee, dow want to comment on what the presidnt you wk for has done. >> i will just say is we can agree on the basic economics but i think professor taylor has his history a little backward on that. in the 1990s bill clinton raised exactly the high income tax rates that barack obama wants to return the rates to. and the 2000s which he did not mention when george bush followed the policies...
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Nov 2, 2012
11/12
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applying basic economie economies-- economics we could do a lot better. >> brown: austan goolsbee, dow want to comment on what the president you work for has done. >> i will just say is we can agree on the basic economics but i think professor taylor has his history a little backward on that. in the 1990s bill clinton raised exactly the high income tax rates that barack obama wants to return the rates to. and the 2000s which he did not mention when george bush followed the policies very similar to what mitt romney is proposing, they actually added more than 1 million fewer private sector jobs if george bush's first term than president obama has under his first term so i really do not think that the basic economics or the history says that just going back to deregulation and high rate-- high income rate cuts is the thing that leads to growth. >> brown: and do you think professor -- >> two decades of strong growth, we saw two decade, 80ous and 90s with extraordinary growth. economists called it the great moderation long boom and that's because the stable policies are put in place. tax re
applying basic economie economies-- economics we could do a lot better. >> brown: austan goolsbee, dow want to comment on what the president you work for has done. >> i will just say is we can agree on the basic economics but i think professor taylor has his history a little backward on that. in the 1990s bill clinton raised exactly the high income tax rates that barack obama wants to return the rates to. and the 2000s which he did not mention when george bush followed the policies...
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Nov 3, 2012
11/12
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applying basic economie economies-- economics we could do a lot better. >> brown: austan goolsbee, dow want to comment on what the president you work for has done. >> i will just say is we can agree on the basic economics but i think professor taylor has his history a little backward on that. in the 1990s bill clinton raised exactly the high income tax rates that barack obama wants to return the rates to. and the 2000s which he did not mention when george bush followed the policies very similar to what mitt romney is proposing, theyic if one or e other is elected. >> right. you know, i was in the white house for a while and i used to joke, i crawled all around in the basement, i have yet to find that switch down there that you just flip it and then everything gets better. i think 90 plus percent of what happens in a growing economy has nothing to do with washington. what the president and what washington in general can do is try to set the stage and set a groundwork for policy at could encourage growth. and i think the shorter term that you are thinking about, the less can be done spec
applying basic economie economies-- economics we could do a lot better. >> brown: austan goolsbee, dow want to comment on what the president you work for has done. >> i will just say is we can agree on the basic economics but i think professor taylor has his history a little backward on that. in the 1990s bill clinton raised exactly the high income tax rates that barack obama wants to return the rates to. and the 2000s which he did not mention when george bush followed the policies...
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Nov 3, 2012
11/12
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economy hadthe will be been locked. nonetheless the last couple of weeks of the campaign, you have to say there have be a series of events thatri helped the president, none of which hugely cons consequence but that would be the colinpowell endorsement, the blockberg em dors am, the jobs numbers, a series of things that have gone the president away. if you look at the polling there has been a slide move nationally, rock solid wins or not wins but leads in the swing states and then the final thing, and this is something you should really look for in a re-elect rate, what's the president's job approval numbers. that's something that is just a very goodus indicator. and i looked this morning, and it was 49.5 or so i if you average a bunch of polls together. that's good enough, that's putting him very close to be good enough to win >> woodruff: under 50%. >> it's under 50 but george w. bh was more or lessh around there when he got re-elected. so it is possle to wle with a 49 plus job approval. >> woodruff: how do you see it?
economy hadthe will be been locked. nonetheless the last couple of weeks of the campaign, you have to say there have be a series of events thatri helped the president, none of which hugely cons consequence but that would be the colinpowell endorsement, the blockberg em dors am, the jobs numbers, a series of things that have gone the president away. if you look at the polling there has been a slide move nationally, rock solid wins or not wins but leads in the swing states and then the final...
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Oct 31, 2012
10/12
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major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the u.s. death toll from the giant storm named sandy has risen to at least 63 today. about 6.5 million homes and businesses are still without electricity though there were signs of daily life returning to its usual rhythm in some places. a familiar sound returned to lower manhattan streets last night. ( horns honking ) the power did not. police helped direct traffic with signals still dark, but one taxi driver said it wasn't worth the risk. >> it's been dangerous. i've got to go home, i'll walk. there's no traffic signal light, no nothing there. >> woodruff: you're going home? you're done? >> i'm done already. >> woodruff: it wasn't much easier for pedestrians who made their way on foot, some with only flashlights le
major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the u.s. death toll from the giant storm named sandy has risen to at least 63 today. about 6.5 million homes and...